”In spite of the challenging market environment, the Bank demonstrated good results in the first half of
the year. Our business model remains resistant to external pressure. However, we are revising full-year plans shifting
our focus from growth towards capital adequacy”.

As at July 1, 2014, Bank Saint Petersburg was ranked 15th in terms of assets and 16th in terms
of retail deposits among the Russian banks (Interfax ranking). Today, the Bank provides services to 1,400,000
individuals and 54,000 corporates. As at July 1, 2014, the number of cards issued by the Bank exceeded 840,000; the
Bank’s ATM network comprised of 638 units. As at July 1, 2014, Internet-Bank was actively used by 320,000
clients.

Results summary for 1H 2014

1H 2014 Net interest income increased by 38.3% compared with 1H 2013 and amounted to RUB 8.5
billion. Interest income for 1H 2014 increased by 23.8% compared with 1H 2013; interest income is comprised mostly of
interest income on loans and advances to customers (79.8%). Interest expense increased by 13.2%: interest expenses on
retail term deposits grew by 7.6% (31.7% of total interest expenses) while interest expenses on corporate term
deposits decreased by 17.5% (23.0% of total interest expenses). 2Q 2014Net interest
income increased by 7.9% compared with 1Q 2014 and reached an all-time high of RUB 4.4 billion. Net
interest margin (NIM) for 1H 2014 and 2Q 2014 amounted to 4.4% (3.8% in 1H 2013 and 4.2% in 1Q 2014).

1H 2014 Net fee and commission income increased by 37.5% compared with 1H 2013 and amounted to RUB
1.7 billion. Compared with 1H 2013, income from cash and settlement transactions grew by 47.5% (42.4% of total F&C
income), income from plastic cards and cheque settlements grew by 38.5% (27.4% of total F&C income), income from
guarantees and letters of credit issued grew by 9.7% (20.2% of total F&C income). 2Q 2014 Net fee and
commission income increased by 13.5% compared with 1Q 2014 and amounted to RUB 896 million.

Net trading income. In 1H 2014 an aggregate result from financial markets operations amounted to RUB
42 million (RUB 722 million in 1H 2013), including a one-off gain from disposal of investment securities
available-for-sale in the amount of RUB 249 million. Gains from operations with foreign currencies and derivatives
amounted to RUB 0.96 billion, losses from operations with securities amounted to RUB 0.92 billion.

Net income for 1H 2014 increased by 45.7% compared with 1H 2013 and amounted to RUB 2.9 billion; net
income for 2Q 2014 amounted to RUB 1.2 billion. The Bank’s return on equity (ROAE) for 1H 2014
amounted to 12.0%, ROAE for 2Q 2014 - 10.0%.

The Bank’s financials for 1H 2014 benefited from one-off gains from acquisition of Bank Evropeisky in the
amount of RUB 489 million and from disposal of investment securities available-for-sale in the amount of RUB 249
million. Excluding one-offs, net income for 1H 2014 amounted to RUB 2.2 billion, revenues – RUB 10.1 billion,
ROAE – 9.0%, Cost-to-Income Ratio – 44.1%.

As at July 1, 2014, the Bank’s assets amounted to RUB 439.7 billion (+7.4% compared with
January 1, 2014; +2.5% compared with April 1, 2014).

Liabilities. Customer deposits totalled RUB 267.5 billion (+2.2% compared with January 1, 2014;
-2.0% compared with April 1, 2014). As at July 1, 2014, 50.3% of customer deposits belonged to individuals and 49.7% -
to corporate customers. As at July 1, 2014, the share of wholesale funding in liabilities amounted to 6.2%.

Equity and capital. As at July 1, 2014, the shareholders equity amounted to RUB 50.2 billion (+5.4%
compared with January 1, 2014; +1.9% compared with April 1, 2014). The Bank’s total capital amounted to RUB 60.2
billion (+3.7% compared with January 1, 2014; -0.6% compared with April 1, 2014). As at July 1, 2014, the Bank’s
Tier 1 and total capital adequacy ratios were 11.3% and 14.5% respectively.

Loan portfolio quality. During 1H 2014, the share of problem loans in the Bank’s portfolio
(total share of overdue loans and impaired not past due loans) decreased from 12.9% to 9.9%. As at July 1, 2014, the
share of overdue loans in the Bank’s portfolio amounted to 5.5% of the total volume of loans. The share of the
corporate overdue loans amounted to 5.9% of the total corporate loans; the share of the retail overdue loans amounted
to 3.5% of the total retail loans. As at July 1, 2014, impaired not past due loans constituted 4.5% of the total
volume of loans. The rate of provisions for loan impairment decreased to 8.6% (9.4% as at January 1, 2014). Provision
charge for 1H 2014 amounted to RUB 2.8 billion. In 1H 2014, loans in the amount of RUB 5.1 billion were written off.